Bid of $0.05 and a daily budget of $3 is too low. Google is laughing at you - thinking your actually going to get something served. A bid of $0.20 I think is as low as your going to get. Not sure what your keywords are but even the crappiest have at least a dime value.

Milton is right, you need more money to run an Adword campaign. Actualy you will need
money and some time to see its performance and be able to optimize. Also you need to
know the principals behind Adwords such as quality of your ads, relevance of keywords
with the ad´s content and relevance with the landing page in order to know how to rank
your ads top in first page.

You can check at googles certification program for adwords.
They have all the info you need to learn.

@adsterhome: stop spreading lies. PR has little to no (direct) effect on anything for Adwords. I wouldn't say anything but this is the second time I see you mention this. The only thing website has in effecting quality score to the point where it's worth it is just to make sure it is relevant. As long as your site is relevant enough, it won't contribute anymore to quality score. PR has nothing to do with it. Indirectly, maybe, but to tell someone to raise their PR is horrible advice.

@l0goz: like everyone mention, just increase bids until you get impressions. Even if you put a max bid of 50 cents, remember that's the max and most of the time it won't hit anywhere near that. I've put $3 max cpc and the CPC was only 60 cents (20% of max cpc)....but then again, I've put $25 as max CPC and the CPC was around $21 (84% of max cpc.

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